RECRUIT<08073> - Results Announcement
Recruit Holdings Limited announced on 24/02/2006:
(stock code: 08073 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover 2 : 227,103 103,995
Profit/(Loss) from Operations 3 : 38,867 34,014
Finance cost : (539) 0
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 37,094 33,986
% Change over Last Period : +9 %
EPS/(LPS)-Basic (in dollars) 4 : 0.1357 0.1454
-Diluted (in dollars) 4 : 0.1346 0.1447
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 37,094 33,986
Final Dividend : HK 4 cents N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 11/04/2006 to 13/04/2006 bdi.
Payable Date : 28/04/2006
B/C Dates for Annual
General Meeting : 11/04/2006 to 13/04/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Recruit Holdings Limited
Name : Ho Suk Yi
Title : Company Secretary
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for
the accuracy of the information contained in this results announcement
form (the "Information") and confirm, having made all reasonable
inquiries, that to the best of their knowledge and belief the
Information are accurate and complete in all material respects and
not misleading and that there are no other matters the omission of
which would make the Information herein inaccurate or misleading. The
Directors acknowledge that the Stock Exchange has no responsibility
whatsoever with regard to the Information and undertake to indemnify
the Exchange against all liability incurred and all losses suffered
by the Exchange in connection with or relating to the Information.
Remarks:
Notes:
1. Basis of preparation
The consolidated financial statements of the Group have been prepared
in accordance with Hong Kong Financial Reporting Standards ("HKFRS")
as published by the Hong Kong Institute of Certified Public
Accountants ("HKICPA"), the disclosure requirements of the Hong Kong
Companies Ordinance and the Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited ("Listing Rules").
From 1 January 2005, the Group has adopted the new and revised standards
and interpretations of HKFRS, which are relevant to its operations.
This includes the following new, revised and renamed standards:
HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 7 Cash Flow Statements
HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 14 Segment Reporting
HKAS 16 Property, Plant and Equipment
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separated Financial Statements
HKAS 28 Investments in Associates
HKAS 32 Financial Instruments : Disclosure and Presentation
HKAS 33 Earnings per Share
HKAS 36 Impairment of Assets
HKAS 37 Provisions, Contingent Liabilities and Contingent Assets
HKAS 39 Financial Instruments: Recognition and Measurement
HKFRS 2 Share-based Payment
HKFRS 3 Business Combinations
All the standards have been applied retrospectively except where
specific transitional provisions require a different treatment and
accordingly the 2004 financial statements and their presentation have
been amended where necessary in accordance with HKAS 8. Due to the
change in accounting policies, some of the 2004 comparatives contained
in these financial statements differ from those published in the
financial statements for the year ended 31 December 2004.
2. Turnover
Year ended
31st December
2005 2004
HK$'000 HK$'000
Advertising income 160,033 103,615
Publication sales and recruiting
and other service income 537 380
Printing income 66,533 -
-------------------------
227,103 103,995
=========================
3. Profit from operations
Profit from operations is arrived at after charging
(crediting):
Year ended
31st December
2005 2004
HK$'000 HK$'000
Auditors' remuneration 549 250
Cost of inventories recognised
as expense 23,153 -
Depreciation
Owned assets 4,350 1,360
Leased assets 596 -
Exchange loss, net 734 25
Loss on disposal and write off of
property, plant and equipment 226 1
Minimum lease payments paid under
operating leases in respect of:
Rented premises 2,522 1,211
Internet access line 84 91
Provision for impairment of
receivables 698 290
Staff costs (2004: restated) 33,016 15,994
Dividend income from equity investments (18) -
Gain from changes in fair value of
investment properties (3,140) (1,945)
Gain on partial disposal of investments
in subsidiaries (6,000) -
Interest income (405) (222)
Operating lease rental income from:
Subleasing of office premises - (90)
Investment properties (1,334) (88)
Realised and unrealised gains on
financial assets at fair value
through profit or loss (239) -
4. Earnings per share
The calculation of the basic and diluted earnings per share is
based on the following data:
Year ended
31st December
2005 2004
HK$'000 HK$'000
Profit attributable to equity
holders of the Company 37,094 33,986
===========================
Number of shares ('000)
(Restated)
Weighted average number of
ordinary shares for the
purposes of basic earnings
per share 273,431 233,784
Effect of dilutive potential
ordinary shares in respect of
share options granted 2,076 1,142
---------------------------
Weighted average number of
ordinary shares for the
purposes of diluted earnings
per share 275,507 234,926
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